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Determine basic eps

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Question - Boro Corp. reports 2018 net income of $4,000,000 with no below-the-line items. They declared and paid the $400,000 annual preferred dividends required and pay $500,000 in dividends to common stockholders. Boro had 1,100,000 shares of common stock outstanding on 1/1/18 and reissued 200,000 shares of treasury stock on 7/1/18. Determine basic EPS for 2018.

Reference no: EM133096758

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